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Saying they needed more time for consultations, Cypriot lawmakers have postponed the debate on...

Saying they needed more time for consultations, Cypriot lawmakers have postponed the debate on emergency legislation until Friday. That's cutting it down to the wire, as the European Central Bank has given Cyprus only until Monday to raise billions of euros if it wants to clinch an international bailout or face losing emergency funds.
Comments (6)
  • Unsure Now
    , contributor
    Comments (406) | Send Message
     
    What is Germany really after?

     

    They had to know this would blow up yet they allowed it, Sometimes we have to think outside the box here..
    21 Mar 2013, 07:19 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4132) | Send Message
     
    Merkel's reelection. She miscalculated.
    21 Mar 2013, 07:37 PM Reply Like
  • Tricky
    , contributor
    Comments (1590) | Send Message
     
    Despite the ugly rhetoric floating around, I don't think it's a Fourth Reich initiative.

     

    I *do* think that: 1) German internal politics are making it harder for the pro-Euro crowd to sell the electorate on bailouts, and 2) the Germans think they see a chance to put the fear of God into the Italians (their biggest concern ever since the Euro's formation) by making an example of tiny little Cyprus

     

    Messing with deposit insurance was crossing a red line. OTOH, deposit insurance is only as good as its ultimate backstop.
    21 Mar 2013, 07:38 PM Reply Like
  • Unsure Now
    , contributor
    Comments (406) | Send Message
     
    Cypus is outright THEFT no matter how you cut it..This is a huge wakeup call for all of Europe..Nothing is off the table as far as i am concerned!!
    21 Mar 2013, 09:16 PM Reply Like
  • june1234
    , contributor
    Comments (3207) | Send Message
     
    When 60%of your GDP is banking like that islands is and your lender is demanding you come up with a bunch of cash by Friday there aren't too many places to go look for it. This thing was soooooo badly handled; bad idea.
    22 Mar 2013, 10:24 AM Reply Like
  • june1234
    , contributor
    Comments (3207) | Send Message
     
    This deal was so badly handled. One thing is certain whenever those banks reopen there will be a whole lot of people trying to empty their accounts. If it was over Russian oligarch or mob money should have just frozen that like the Swiss do. And If I have a a bunch of cash parked in Spain I'm not taking the EUs word for it they wont come after it after watching this soap opera.
    22 Mar 2013, 10:22 AM Reply Like
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